Monday, May 6, 2013

Consolidating Brokerage Accounts

Right now my money is distributed in 10 different accounts - surely not an ideal situation. So, to remedy, I have taken the following two steps:

  1. Transfer out of Scottrade: Turner has been moved from Scottrade to Fidelity. It is a non-deductible IRA - and is better positioned with all the other IRAs in my Fidelity account.
  2. Roll out old 401K to Fidelity: Durer, an old 401K account, has been merged with Monet, a Fidelity Rollover IRA as part of the rollover process. This helps me get out of stupid fees for old 401Ks. Also, IRAs have much wider investment choices. The Durer account is no more. Monet is now a fat 5 Units account - 4th largest account in the portfolio.
Now I have accounts with Fidelity, Vanguard and TD Ameritrade. Total of 9 accounts.

Today's art is also from my recent visit to Rome. Part of the ceiling of the Gesu Church - home of the Jesuits. One place in Rome where I felt like a church actually had an air of spiritual calm, despite the ostentatious decorations.


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